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Tax Season 2025: Filing of Tax Returns Officially Begins

Tax​ Season 2025: Key Deadlines, Discounts, and Digital Tools ​for Filing Your Returns

The 2025 tax season is officially underway,⁤ and the National Revenue Agency (NRA) has rolled out⁣ a series of⁣ updates​ to streamline the process for individuals and ‌businesses alike. From electronic submissions to pre-filled tax forms,⁣ the NRA is encouraging taxpayers to⁣ leverage digital tools‌ to save time and⁣ avoid​ unnecessary visits to their offices.

Key Deadlines and⁣ Filing Options

Starting today,⁣ taxpayers can submit their income tax returns for 2024 through multiple channels:​ electronically, at NRA offices, by‍ mail with a return receipt, or at post ⁢offices. The deadline‌ for declaring income and ‍utilizing tax benefits is April 30, 2025.

For those operating as ‍ traders, sole⁣ traders, or farmers, the⁣ filing window extends ⁤from March‌ 1‍ to June‌ 30, ⁣2025.Companies are also required to declare ​ corporate tax, tax on expenses, and other related taxes during​ this period, with payments due⁢ by June 30, 2025.

Pre-Filled Tax Returns and Digital⁢ Convenience

In early March, the ‍ NRA electronic ​services portal will introduce pre-filled personal income tax returns. Taxpayers with ⁣a Personal Identification ⁢Code (PIC) ⁢or an electronic signature can access pre-entered facts about their income from employment, civil contracts, ⁣royalties, rental properties, and even​ internet sales. This feature⁣ aims to simplify the‍ filing process and reduce errors.

The NRA strongly recommends using its electronic services to ⁢save time and minimize in-person visits.‍ “The NRA advises taxpayers to use the electronic services of the⁤ revenue department, available ‌with PIK or KEP, to ⁤save time and visits to revenue agency offices and ‌post offices,” the agency stated.

Tax discounts and Relief

Taxpayers who file and pay their import tax electronically ‍by March 31, 2025, can benefit from​ a 5% discount,​ capped⁣ at​ BGN​ 500. However, this discount is only available to individuals with no unpaid public obligations.

How to Get Help

For additional guidance, taxpayers can contact the ⁣ NRA Information ⁣Center at 02⁣ 9859 6801 or ‍ 0700 18 700.‌ Detailed information ‌is also available on the NRA website.

Key ⁣Dates at a Glance

| ⁤ Activity ‍ ‌ ‍ ‌ ⁤ | Deadline ⁢ ⁤ ‌ |
|———————————-|—————————-|⁢ ⁣
|‌ Personal Income Tax Filing ⁢ | April⁣ 30, 2025 ‍ |
| Pre-Filled Tax Returns Available | ‍Early March 2025 |
| ‍Trader/Farmer ‌Tax⁣ Filing ‍ ⁢ |‍ March 1 – June 30, 2025 ‌ |
| Corporate Tax Payment ⁣ ⁣ | June 30, 2025 ⁤ ⁤ ‍ ⁢ |
| Import Tax Discount Deadline ‌ | March 31, 2025 ​ ⁣ |

Why Go Digital?

The NRA’s push for digital adoption is not⁢ just about convenience—it’s about efficiency. By​ utilizing the NRA electronic services portal, taxpayers ⁢can avoid long queues, reduce paperwork, and ensure timely submissions.

As the tax season progresses, staying informed and proactive is​ key. Whether you’re⁣ an individual taxpayer ⁣or a business owner,leveraging the NRA’s⁢ digital​ tools and adhering to ⁣deadlines will make the process smoother and more efficient.

For more details, visit the NRA website or contact their Information ‍Center. Don’t wait until the last minute—start preparing your returns today!

Navigating Tax Season ‌2025: Expert Insights on ⁤Deadlines,Discounts,and Digital Tools

As the 2025 tax season‌ kicks off,the⁤ National​ Revenue agency ⁢(NRA) has introduced a host of ⁣updates to simplify the‌ filing process for individuals ‍and businesses. From⁣ pre-filled tax forms ‍to ⁢electronic submission options, the ‍NRA is encouraging taxpayers ‌to embrace digital tools to save time ⁢and avoid needless stress. To help us better understand these changes, we sat down with Dr. Elena Vasileva, a tax policy expert and consultant ⁢with over 15 years⁢ of experience in financial planning and tax compliance. in this interview, Dr. Vasileva shares her insights ‍on key deadlines, digital tools,‌ and how taxpayers can maximize their benefits this season.

Key Deadlines ‌and Filing Options

Senior Editor: Dr. Vasileva, ​let’s start with the basics.What are ​the key deadlines taxpayers need to be aware of for the 2025 tax season?

Dr. Elena Vasileva: Absolutely. The most crucial deadline⁤ for individual taxpayers is April 30, 2025. This is the last day to file your income tax returns for⁣ 2024 and ⁣claim any ⁢applicable tax benefits. For businesses,sole traders,and farmers,the filing window is ⁤a bit longer—they have from March ⁢1 to June⁣ 30,2025,to submit their returns. Corporate tax⁤ payments are also due by June 30,2025.⁤ It’s crucial to mark these dates on your calendar to avoid penalties.

Senior Editor: What are the different ways⁤ taxpayers can file their returns this year?

Dr. Elena Vasileva: ‌ Taxpayers have several options: they can file electronically through the NRA’s portal, visit an NRA office in person, mail their⁢ returns with a return receipt, or even submit them at post offices. However, I highly recommend using the electronic filing system. It’s faster, more efficient, and reduces the risk ‍of errors.

Pre-Filled ‍Tax Returns and Digital Convenience

Senior Editor: The NRA is ‍introducing pre-filled tax returns ​this year. Can you explain how this works and who can benefit from it?

Dr. Elena Vasileva: Certainly. Starting in ‍early March, taxpayers with a Personal Identification Code (PIC) ⁣ or an electronic signature can⁣ access pre-filled ⁤income tax returns on ​the NRA’s⁢ electronic services portal.These ⁢forms will include data on income from employment, civil‌ contracts, royalties, rental properties, and even internet sales.This feature is a game-changer as it simplifies the⁢ filing ‌process and minimizes the chance of mistakes.It’s especially helpful for individuals with multiple income streams.

Senior Editor: Why is ​the NRA pushing so hard for digital adoption this ⁣year?

Dr. Elena Vasileva: The NRA’s focus on digital tools is all about‌ efficiency. By encouraging ⁤taxpayers to use ⁢the electronic services portal, the agency aims to reduce paperwork, cut down on in-person visits, and ensure timely submissions. It’s a win-win for both taxpayers and the NRA.Plus, it aligns ‍with global trends ⁣toward digitization in tax governance.

Tax‍ Discounts and⁤ Relief

Senior Editor: Are there any incentives for taxpayers who file early⁢ or use digital ‍tools?

Dr. Elena Vasileva: Yes, there’s a great incentive for ​early filers. Taxpayers ​who ‍pay their import tax electronically by​ March 31, 2025, can receive a 5% discount, capped at ⁢ BGN 500. however, this discount is only available ⁣to individuals with no unpaid public obligations. It’s a fantastic way to save‍ money while staying compliant.

How to Get Help

Senior Editor: What resources are available for taxpayers who need assistance during the filing process?

Dr. Elena Vasileva: the NRA ‌has set up an Data Center that taxpayers can contact for guidance. The numbers⁤ to ‍call are 02 9859 6801 or 0700⁤ 18 700. Additionally,the NRA website is a treasure trove ⁣of information,with detailed guides and FAQs to help‍ taxpayers navigate the process. I always recommend starting there⁤ if you ⁣have questions.

Key Dates at a glance

Senior Editor: ⁢ For our readers ⁣who want a speedy reference, could you summarize the key dates for the 2025 tax season?

Dr. Elena Vasileva: Of course. Here’s a quick overview:

Activity Deadline
Personal Income tax Filing April 30, 2025
Pre-Filled Tax ⁣Returns Available Early March ⁢2025
Trader/farmer ‌Tax filing March 1 – June ⁣30, 2025
Corporate Tax Payment June 30, 2025
Import Tax Discount Deadline March⁣ 31, 2025

Why Go Digital?

Senior Editor: Dr. Vasileva, what’s your top piece of advice for ⁢taxpayers this season?

Dr.Elena Vasileva: My advice⁤ is simple: go digital. The NRA’s electronic services portal is ​designed⁣ to make your life easier. By using it, you can avoid long queues, ⁢reduce paperwork, and ensure⁢ your returns ​are submitted on⁢ time. And don’t wait until the ‍last minute—start preparing your returns today.The earlier you begin, the smoother the⁢ process will be.

Senior Editor: Thank you, Dr. Vasileva,‌ for sharing your expertise with us. This has been incredibly helpful for our readers.

Dr. Elena Vasileva: My pleasure. I’m always happy to help taxpayers navigate the complexities ​of tax season.

for more information, visit the NRA ⁢website or contact ‌their information Center.Don’t wait—start preparing ​your returns‌ today!

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